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Results (10,000+)
Rachelle Bisaillon Newbie to Screening Long Term tenants shady screening
28 June 2024 | 5 replies
In my locality, persons are recruited to serve as testers for landlord racial discrimination by the local Fair Housing enforcement agency.
Andrew Garrett Negatives of The Raleigh Housing Market
28 June 2024 | 4 replies
It's hot and muggy during the summer and I personally wish it had snow more than once every 5-7 years.
Konstantin Ginzburg Using a Virtual Assistant with Property Management
29 June 2024 | 8 replies
I am happy to make a personal introduction if interested, DM me.
Charlie Zelaya Starting the process on my first fix n flip
28 June 2024 | 18 replies
I've personally met a lot of hard money lenders at investor meet ups as well.Best of luck on your first property!
Jared York Help with tenant shared driveway
29 June 2024 | 7 replies
Perhaps you can arbitrate, but you will want to be careful getting too involved in a personal dispute.
Joseph Chacko vellukunnel financing a small mobilehome park with 100% POH
29 June 2024 | 9 replies
When banks (and MHP investors) look at the value of a mobile home park, they will not count the income generated from the mobile homes themselves as mobile homes are considered personal property. 
Andrew Postell How a Declared Federal Disaster Area can help property owners and tenants
28 June 2024 | 1 reply
If you are an individual that had a property loss (including personal property) then use the first link for FEMA.The second link is for business owners…and yes, this includes those of us that have rental properties.
Jon K. How much do you pay for drywall guys?
1 July 2024 | 58 replies
A smooth finish is usually only requested if a homeowner is planning on wallpapering, but that's a whole other discussion.I personally like the modern types of texture, but I think it really depends on the other finishes in the home.
Vasudev Kirs What would you do with lumpsum rental income?
28 June 2024 | 2 replies
I just don't like the idea of letting this amount sit in the bank and at the same time I don't want to mingle it with personal brokerage account.Any suggestions or creative ideas?
John Campbell LLC vs Umbrella Insurance vs Other Options
28 June 2024 | 10 replies
Converting your single-family home into a rental property involves several considerations to protect yourself and ensure smooth operations: Establish an LLC:Liability Protection: Holding the rental property in an LLC can protect your personal assets from potential lawsuits related to the property.Tax Benefits: An LLC can offer tax advantages, such as pass-through taxation, where rental income is taxed at your individual income tax rate.Insurance:Landlord Insurance: Ensures coverage for property damage, liability claims, and loss of rental income.Umbrella Policy: Provides additional liability coverage beyond your landlord insurance, offering extra protection.Deductions:Mortgage Interest and Property Taxes: Continue to deduct these expenses.Depreciation: Depreciate the cost of the property over 27.5 years, excluding the land value.Maintenance and Repairs: Deduct costs related to maintaining the property.Property Management Fees: Deduct fees paid to the property manager.Filing Taxes:Schedule E: Report rental income and expenses on Schedule E of your tax return.Separate Accounts: Maintain separate bank accounts for rental income and expenses to simplify bookkeeping.Lease Agreement:Solid Lease Terms: Ensure your lease agreement is thorough, covering rent amount, due date, late fees, maintenance responsibilities, and eviction terms.Legal Review: Have the lease agreement reviewed by a real estate attorney to ensure compliance with local laws.Tenant Screening:Background Checks: Perform credit, criminal, and eviction history checks on prospective tenants.References: Contact previous landlords and employers for references.Property Management:Regular Inspections: Schedule regular property inspections to ensure it's being maintained properly.Maintenance Fund: Set aside a reserve fund for unexpected repairs and maintenance.Moving Out of State:Communication: Maintain open communication with your property manager.